Coronal heating by resonant absorption of Alfvenic surface waves (quiescent), and magnetic tearing instabilities (impulsive), is discussed with emphasis on three principles which may have application to late-type evolved stars. (1) If sq B/8 pi greater than sq. rho V is observed 2 in a stellar atmosphere, then the observed magnetic field must originate in an interior dynamo. (2) Low mass loss rates could imply the presence of closed magnetic flux loops within the outer atmosphere which constrain hydrodynamic flows when the magnetic body forces exceed the driving forces. (3) given that such magnetic loops effect an enhancement of the local heating rate, a positive correlation is predicted between the existence of a corona and low mass loss rates. These principles are applied to the M giant star HD 4174, which is purported to have a kilogauss magnetic field. Several of its spectroscopic peculiarities are shown to be consistent with the above principles, and further observational checks are suggested.